Londoners are leaving the city to buy property at an increasingly young age, research from Hamptons International found. In 2019 Londoners leaving the city were typically 39 years old, down from 41 in 2018 and 2017, 41 in 2016, and 47 in 2009. Aneisha Beveridge, head of research at Hamptons International, said: “Historically most homeowners […]
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I was surprised to read a study saying a quarter of landlords plan to sell at least one of their properties this year. Apparently a succession of tax increases, shifts in House in Multiple Occupation licencing, new stipulations on the minimum size of rooms, as well as the banning of admin fees are some of […]
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UK rents increased by 3.5% in the year to December 2019, and rents could see a steeper rise in 2020, HomeLet’s Rental Index has said. London rents increased by 2.1%, though Wales and the North West saw the biggest increases, of 9.7% and 8.3% respectively. Martin Totty, chief executive of HomeLet, said: “Looking forwards, more […]
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Swedish real estate company Heimstaden Bostad AB has purchased a €1.3bn residential real estate portfolio in the Czech Republic from Round Hill Capital and Blackstone Tactical Opportunities, represented by Dentons and Simpson Thacher. The portfolio, owned and operated by RESIDOMO, is the largest privately held residential portfolio in the Czech Republic. It consists of approximately […]
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Warwick Estates Property Management, a Harlow-based property management company, has secured £8.5m of funding from Santander Corporate & Commercial to support its growth. Warwick Estates has responsibility for over 1,300 sites and serving around 47,000 homes and leaseholders. In addition to Harlow, Essex, it has offices in London, Cardiff, Grays, Cheltenham, Warrington and Portsmouth, Dr […]
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Swan Group has submitted a planning application for 151 affordable homes on Newhall Street in the East End of Glasgow, alongside the River Clyde. The proposed development, which forms part of the Clyde Gateway regeneration project, will consist of a mix of one-bedroom and two-bedroom homes and 128 parking spaces available for residents. Phil McGinlay, […]
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Edinburgh in Scotland has been rated as the best UK city to live as a young adult by comparethemarket. This is based on the percentage of the population that are young adults, the rent, salary, mental well-being, 4G coverage and nightlife. The UK’s youngest city is Manchester, where 38.57% of the population is made up […]
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The UK housing market will bounce back in 2020 now there’s less uncertainty about Brexit. This is according to Simon Lyons, who is chief executive of property development and investment group Enstar Capital, which is behind retail development plans for London’s Olympia and Paddington Station areas. He said: “The biggest market mover is optimism, it […]
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Galashiels in the Scottish Borders (£266), Lisburn in Northern Ireland (£317) and Craigavon in Northern Ireland (£324) are the cheapest places to rent a room in the UK, SpareRoom research has revealed. The costliest places are Jersey (£784), Twickenham (£684) and Barnet (£666), both in London. South London’s Abbey Wood (£533) is the most affordable […]
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State Bank of India’s buy-to-let product range will also be made available through brokers using Legal and General Mortgage Club. The firm provides buy-to-let financing up to 75% LTV to portfolio landlords & individuals, while it provides products for limited companies, expats and HMOs. Stephen Banks, head of national sales for SBI, said: “We are incredibly […]
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